ChainCatcher reports that Bitcoin News posted on X that France’s National Assembly Finance Committee has approved a proposal to impose a tax of up to 31.4% on Bitcoin exchanges for stablecoins, even if not converted into fiat currency; residents relocating abroad with over €800,000 in crypto assets may be subject to an exit tax on unrealized crypto gains. The amendment was withdrawn after the committee rejected the budget revenue portion and must be reintroduced during the full National Assembly debate. The proposal has not yet become law; if passed, the new rules would take effect on January 1, 2027.
France Proposes a 31.4% Tax on Bitcoin-to-Stablecoin Swaps and Imposes Exit Rules for Crypto Assets Exceeding €800,000
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Summary
France’s National Assembly Finance Committee approved a plan to tax Bitcoin-to-stablecoin swaps at 31.4%, even without fiat conversion. The tax targets risk-on assets and applies to conversions or exits exceeding €800,000 in crypto. Capital gains tax may apply to unrealized profits for residents holding large crypto balances abroad. The proposal was withdrawn after budget revenue projections were rejected and must be reintroduced for full Assembly debate. If passed, it would take effect on January 1, 2027.
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